The Dow Jones index drops 0.36% to 42,709.48 points. The largest falls are for Boeing CO (-4.6%) and Walmart (-1.8%), while AMGEN rises (+0.5%) and Microsoft (+0.4%). The S&P 500 yields 0.18%, at 6,011.38 points, while NASDAQ drops 0.18% to 19,580.43 points.
Wall Street comes from one more session in yesterday’s session, which ended up leading to a negative closure, although Dow Jones backed up 1.10 points. The S&P 500 fell 0.27%, ending a three consecutive rise run, although it managed to endure 6,000 points and remains more or less close to its February historical maximums. The Nasdaq technological fell 0.50%.
And that the day had begun with good foot after knowing that the May CPI was slightly lower than it had feared, with an increase of 0.1% monthly, compared to 0.2% estimated. Investors have received today a second round of inflation references with the publication of the May Price Index (IPP)which shows an increase of 0.1% monthly and 2.6% year -on -year. The underlying IPP rises 0.1% in May and 3.0% in annual rate. Economists had predicted monthly increases of 0.2% of the general index and 0.3% in the underlying.
However, the April IPP was reviewed up, from -0.5% to -0.2% in the general index, and from -0.4% to -0.2% in the underlying.
«I don’t think the market has much faith that we will not see at least slightly greater inflation,» reflects Scott Wren, a senior global market strategist of Wells Fargo, in statements to the CNBC. «With everything that is happening, the economy in deceleration, the probable slowdown in profit growth, and there are still many commercial negotiations to solve, is there really a good reason to try to reach the historical maximum? I do not know. I think it logical to me that the market is volatile and that perhaps we see a slight fall,» adds the expert.
Today the usual ones have been known Unemployment Subsidy Applications, which went up to a figure of 248,000 last weekabove the 240,000 requests that the market had anticipated. The mobile average of new applications of the last four weeks, which is considered a more reliable indication of trends in the labor market since it reduces volatility peaks, rose to 240,250.
Beyond macro references, investors have many open fronts to worry about, including trade negotiations. While this week a framework agreement with China has been achieved that opens the door to more negotiations that avoid the commercial war between the two major world powers, negotiations with other commercial partners are still pending.
Treasury Secretary Scott Besent, suggested Wednesday that the Administration Trump could extend the 90 -day break in reciprocal tariffs for countries that demonstrate «good faith» in commercial negotiationstaking into account that in principle the tariff pause will expire on July 9. However, Trump himself seemed to disallow these statements by pointing out that his government will send its final offer in a couple of weeks and, therefore, unilateralto the partners.
The other source of voltage to the markets comes from the situation of the Middle East, given the negotiations between the US and Iran on the Iranian nuclear program. While Trump has expressed his doubts that an agreement can be reached, some means point The possibility that Israel is raising a unilateral attack on Iran. At the same time, a senior Iranian official has warned that Tehran will attack the US bases in the region if nuclear negotiations fail and a conflict arises.
Protagonist values: Oracle, Boeing, Gamestop and more
Among the protagonists of the New York session, Oracle’s actions shoot 8% after the software company has presented Better results than expected in your fourth fiscal quarter. Oracle registered adjusted profits of $ 1.70 per share, while analysts had predicted $ 1.64 per share. Income, of 15.9 billion dollars for the period, also exceeded consensus estimation of 15,590 million dollars.
For the first fiscal quarter, Oracle expects profits of between 1.46 and $ 1.50 per share, with income growing in a range of between 12% and 14%. Analysts had waited $ 1.48 per earning action and 14,960 million income, which implies an increase of 12.4%.
Boeing Co’s shares fall 4.6% in the opening after an Air India plane with more than 242 people has crashed in the city of Ahmedabad, west of India. The Fumtradar24 aviation monitoring website indicates that it is a Boeing 787-8 Dreamliner, which was delivered to Air India in 2014.
«It is an instinctive reaction (to the accident) and there are fears reviewed on the problems that plagued the Boeing aircraft and Boeing itself in recent years,» explains Chris Beauchamp, IG Group analyst.
At the moment the causes of the accident are unknown. Boeing has affirmed in a statement that it is aware of the initial reports and is already working to collect more information.
The punishment also reaches the Motor manufacturer GE Aospace, which records a 2.4%drop.
Gamestop collapses 17% in the New York parquet after announcing an issue of 1,750 million dollars in convertible senior bonds. The funds will be used for “general corporate purposes, including investments,” said the company. Among them, probably, the purchase of Bitcoins. The titles issued are convertible into the company’s actions or a combination of cash and shares; The conversion rate has not been determined.
Curevac shoots 33% in Wall Street after biotechnology has reached an agreement with the German Biontech, which will acquire it for about 1,250 million dollars.
To also take into account that Chime debuts at Nasdaq This Thursday after collecting 864 million dollars in its initial public offer (IPO).
In raw material markets, oil prices fall after the strong high they experienced yesterday, when they reached two months, and while investors continue to calibrate the situation in the Middle East. The futures of the American West Texas decrease by 1.54% to mark $ 67.10 per barrel, while the international reference Brent falls 1.52% to $ 68.71.
International tensions are also reflected in the price of gold, traditional active refuge. The yellow metal advances 0.95% in its variety to cash until it marks $ 3,385.6 per ounce.
The dollar is still under a strong pressure: in front of a foreign exchange basket, the dollar fell to its weakest level since April 22, while the euro has reached today maximum of seven weeks in front of the green ticket, with a rise of 0.95% to a cross of $ 1,1598 for each single currency.
In the fixed income, waiting for the new inflation figures, today the profitability of the US bonus at ten years relaxes up to 4,382%.